Funds of the educational institution can not to be utilized by trust for any other object/purpose
Funds of the educational institution can not to be utilized by trust for any other object/purpose Short Overview : Since funds…
Income Tax
Interesting case : Validity of addition where genuineness of business itself is doubted by Income Tax Authorities
Interesting case : Validity of addition where genuineness of business itself is doubted by Income Tax Authorities Short Overview : Where…
TPO could not assume jurisdiction to determine arm’s length price of a specified domestic transaction not reported to him
TPO could not assume jurisdiction to determine arm’s length price of a specified domestic transaction not reported to him Short…
Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats
Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats Provision of sec. 43CA not…
Violation of provision of sec. 13 couldn’t be a ground to cancel registration of trust
Violation of provision of sec. 13 couldn’t be a ground to cancel registration of trust Violation of provision of sec.…
Assessee can follow different systemsof accounting in respect of different sources of income
Assessee can follow different systemsof accounting in respect of different sources of income It is well established that the choice…
Cash Deposited during Demonetization: Practical aspects inIncome Tax Assessment
Cash Deposited during Demonetization: Practical aspects inIncome Tax Assessment Operation clean money (OCM) was initiated by our Hon’ble Prime Minister…
AO couldn’t reject sec. 12AA registration merely because assessee was claiming exemption u/s 10(23C)
AO couldn’t reject sec. 12AA registration merely because assessee was claiming exemption u/s 10(23C) CIT v. Beant College of Engineering…
Practicing professionals are prohibited from acting as full time directors
Practicing professionals are prohibited from acting as full time directors Bombay High Court in its recent judgement in the case…
Loan accepted in cash – Assessee was engaged in construction business and started from scratch and did not have financial capacity to undertake huge projects – No penalty attracted
Loan accepted in cash – Assessee was engaged in construction business and started from scratch and did not have financial…
AO need to consider the reply submitted by Assessee related to cash deposit for Reassessment: Gujarat HC
AO need to consider the reply submitted by Assessee related to cash deposit for Reassessment: Gujarat HC Hemant…
HC reduced pre-deposit of tax amount from 20% to 10% on genuine grounds
HC reduced pre-deposit of tax amount from 20% to 10% considering high tax demand raised against assessee Dalpatsinh Ukabhai Vasava…
Penny stock : Tax Effect limit for filing appeal by Revenue Removed
Penny stock : Tax Effect limit for filing appeal by Revenue Removed Doc1 (1)
Assessing Officer has a legal obligation to implement the order of the ITAT strictly and such failure would result in the failure of justice: Karnataka HC
Assessing Officer has a legal obligation to implement the order of the ITAT strictly and such failure would result in…
Death of a CA – Not a reasonable cause for dropping the penalty for delay in audit
Death of a CA – Not a reasonable cause for dropping the penalty for delay in audit …
Delhi HC imposes penalty on a company for filing various frivolous petitions against CA, CA Firms
Delhi HC imposes penalty on a company for filing various frivolous petitions against CA, CA Firms Wholesale Trading…
ICSI requested for inclusion of Company Secretary in the Definition of “Accountant” in IT Act
ICSI requested for inclusion of Company Secretary in the Definition of “Accountant” in IT Act THE INSTITUTE OF Company Secretaries…
